Lake Panasoffkee Real Estate

Lake Panasoffkee Real Estate

Welcome to Lake Panasoffkee, a hidden gem nestled in the heart of Sumter County, Florida. This quaint town is surrounded by the serene beauty of nature, making it an ideal destination for those seeking a peaceful retreat or a vibrant community lifestyle. With its picturesque landscapes, Lake Panasoffkee boasts a rich tapestry of natural wonders, including the stunning 2,500-acre Lake Panasoffkee itself, which is perfect for fishing, boating, and enjoying breathtaking sunsets.

The town is steeped in history, offering a charming blend of old-world charm and modern conveniences. Originally a thriving agricultural hub, Lake Panasoffkee has evolved into a welcoming community that embraces its roots while looking towards the future. Residents enjoy a slower pace of life, characterized by friendly neighbors and a strong sense of community.

For outdoor enthusiasts, Lake Panasoffkee is a paradise. The area is surrounded by lush parks and wildlife preserves, offering ample opportunities for hiking, birdwatching, and exploring the great outdoors. The nearby Withlacoochee State Forest is a treasure trove of recreational activities, ensuring that adventure is never far from home.

Families and retirees alike will appreciate the town's excellent schools, local amenities, and a variety of community events that foster a strong sense of belonging. With convenient access to nearby cities like Ocala and The Villages, Lake Panasoffkee offers the perfect balance of tranquility and accessibility.

Discover the charm of Lake Panasoffkee, where nature meets community, and make this delightful town your next home!

Newest Listings in Lake Panasoffkee

$425,000
2 Beds ⋅ 1 Baths ⋅ Panasoffkee Forest SubDv. ⋅ 33538 Zip Code
Located in the heart of Lake Panasoffkee at the intersection of C-470 and County Road 414, this property offers a unique opportunity for waterfront residential development. With the approved plots for up to 13 single-family manufactured homes along the canal front and outlet river, or 8 "cottages" 600-800 sq ft in size, already plotted by the county. All approved site plans are recorded with the county, and available to interested buyers upon request to the listing agent. This site is perfect for transforming into a picturesque waterfront, river access, income producing community. Currently, the property includes one home and five mobile home, Three of the mobile homes are in disrepair and will require removal, one is a lot lease and one is rented. The site build home has a new roof replaced in 2025, and new flooring throughout. The redevelopment possibilities are immense, allowing for the creation of a modern, inviting neighborhood that takes full advantage of the stunning waterfront views. County Road 414 provides direct access to a scenic walking bridge that overlooks the outlet and leads to Marsh Bend “Outlet” Park. This park is a local favorite, featuring a public boat ramp, walking trails, a beach volleyball court, picnic areas, fishing spots, grill stations, and a pet area, enhancing the appeal of this location for future residents. Discover the potential of this exceptional property and imagine the waterfront lifestyle it can offer. Call or email us today to explore all the development possibilities.

2886 N C 470, Lake Panasoffkee
$1,100,000
33538 Zip Code
Commercial Income Opportunity, Zoned Heavy Commercial or Redevelopment. Local Iconic 3,784+/- SF Restaurant & Bar with a 35-year history of proven success. Turn-key, ALL F, F & E is included. Inventory list attached. Property has 400’+/- Ft of Hwy frontage with superior visibility and easy access. Two adjoining buildings totaling 3,784+/- SF. Site is an assemblage of 4 parcels, totaling 1.73+/- acres. Zoned Sumter County CH, heavy commercial. Restaurant has gross sales of just under a million and currently only open 4 days a week serving lunch and dinner until 8:00 pm giving the restaurant immense $$ growth potential. Highly desirable CH zoning includes many other potential uses including professional office, medical, or retail. This Central Florida location is minutes off I-75 exit # 321 and The Villages and less than an hour from Orlando, Ocala, or Tampa. The Villages with over 150,000+ residents and still growing is the largest single site golf community in the United States bringing opportunities and growth to local established businesses in a blending of old and new and bringing explosive growth to the area. The restaurants small community is famous for Lake Panasoffkee and great fishing. Home to many tournaments Lake Panasoffkee ("Valley of Water") is a beautiful spring fed lake covering almost 4,460+/- acres offering year-round fishing and activities. Known for good food, good people, music, and corn hole tournaments plus potential redevelopment opportunities make this property a “win-win” for an experienced restaurant owner or redevelopment. Do not disturb this operating business or question its employees. Sale is confidential. Financial data is available with an executed CA / Confidentiality Agreement. Shown by appointment only with listing agent. Wall décor and memorabilia do not convey. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. We have the keys to your opportunity in the sunshine state!!

2396 N C 470, Lake Panasoffkee
$3,650
Lakeview Terrace Sub SubDv. ⋅ 33538 Zip Code
This is Sumter County Surplus Property. The property is zoned R6C. Please contact Sumter County Planning and Zoning Department to verify what you can do with the property. Call the listing office for more details. Deadline for submissions is close of business on August 4, 2026. Property will go to the Board of County Commissioners for approval on August 11, 2026. Buyer to verify all information.

Cr 491w, Lake Panasoffkee
$284,500
3 Beds ⋅ 2 Baths ⋅ Magnolia Manor SubDv. ⋅ 33538 Zip Code
Under Construction. Under Construction. Be the first to own this beautifully crafted 3-bedroom, 2-bathroom concrete block home offering 1,396 square feet of thoughtfully designed living space in Lake Panasoffkee. This open-concept floor plan features vaulted ceilings, luxury vinyl plank flooring throughout, recessed lighting, and abundant natural light, creating a bright and inviting living space. The spacious kitchen overlooks the living and dining areas and will feature granite countertops, stainless steel appliances, generous cabinet storage, and ample workspace, making it ideal for both everyday living and entertaining. The private primary suite features a tray ceiling, walk-in closet with sliding barn doors, and an en-suite bathroom complete with a beautifully tiled walk-in shower. Two additional bedrooms and a full guest bath provide comfortable accommodations for family or guests. Additional features include an inside laundry room, a one-car garage, covered front porch, sliding glass doors leading to the backyard, and a privacy fence for added enjoyment and seclusion. Situated on a 0.229-acre lot, this home combines modern finishes with the durability and efficiency of new construction in a convenient Lake Panasoffkee location. Estimated completion is approximately 1.5 months. Photos are of a previously completed home of the same floor plan and are provided for illustrative purposes only. Actual colors, finishes, materials, fixtures, and features may vary.

557 County Road 487, Lake Panasoffkee
$79,000
2 Beds ⋅ 2 Baths ⋅ Squirrel Haven Unrec SubDv. ⋅ 33538 Zip Code
Your Florida Paradise Awaits – Perfect Home or Turnkey Investment! Nestled in the heart of Lake Panasoffkee, this beautifully updated 2-bedroom, 2-bathroom home offers the ultimate blend of relaxation, adventure, and versatility. Perfectly situated just moments from both the Withlacoochee River and Lake Panasoffkee, it is an absolute dream come true for fishing, boating, and outdoor enthusiasts. Inside, you will find a host of modern interior upgrades that make the space entirely move-in ready. The exterior is equally impressive, boasting a durable, low-maintenance metal roof and a secure, chain-link fenced yard that is perfect for pets, privacy, or storing your outdoor gear. Location is everything here. Situated right off I-75, this property positions you perfectly for easy commuting and endless weekend adventures. You are just a seamless drive away from world-class theme parks, scenic Gulf Coast beaches, and the world-famous natural springs of Crystal River and Homosassa. Whether you are looking for your permanent slice of Florida paradise or a savvy investment opportunity, this property delivers. Currently utilized as a successful rental, it is ready to continue generating income from day one or welcome you home full-time. With its fully updated layout, minutes-away access to boat ramps, and prime highway connection for effortless travel, this versatile gem truly has it all. Don't miss out on this location-perfect property. Schedule your private tour today and start living the Florida lifestyle!

3080 Cr 417, Lake Panasoffkee
$154,900
3 Beds ⋅ 2 Baths ⋅ Olive Palm SubDv. ⋅ 33538 Zip Code
PRICE HAS BEEN REDUCED BY 15K! ALL OFFERS CONSIDERED BY OWNER. Welcome home to this spacious 3-bedroom, 2-bath manufactured home with a dedicated study/den, perfectly situated on a generous 0.315-acre corner lot with beautiful views of Lake Panasoffkee. Whether you're looking for a full-time residence, weekend retreat, or investment opportunity, this property offers plenty of space both inside and out. One of the standout features is the enormous covered, screened-in porch that stretches the full length of the home—an ideal place to enjoy your morning coffee, entertain family and friends, or simply relax while taking in the peaceful lake views and Florida breezes. Inside, you'll find a comfortable floor plan with a versatile study/den that can serve as a home office, hobby room, or guest space. The convenient interior laundry room adds everyday functionality, while the spacious corner lot provides plenty of room for gardening, outdoor activities, or additional storage. Enjoy the charm of lakeview living with the convenience of nearby shopping, dining, boating, fishing, and recreation. If you've been searching for affordable Florida living with scenic views and plenty of outdoor living space, this is a property you won't want to miss. Schedule your private showing today!

1975 E Cr412 Road, Lake Panasoffkee
$50,000
2 Beds ⋅ 2 Baths ⋅ Leisure Time Mobile Home Estates SubDv. ⋅ 33538 Zip Code
Calling all investors, handymen, and visionaries, this Lake Panasoffkee gem is ready for its next chapter! Tucked into the established Leisure Time Estates community, this 2 bedroom, 2 bath home sits on a 3,750 sq ft lot just steps from the neighborhood’s private boat ramp with direct access to Lake Panasoffkee’s legendary fishing waters. This property needs a full remodel from top to bottom, a true blank canvas for the right buyer to bring their vision to life. Whether you’re looking to renovate a weekend fishing retreat, add to your investment portfolio, or create an affordable full time home in Central Florida, the bones and the location are here waiting for you.

1318 Cr 461, Lake Panasoffkee
$149,000
3 Beds ⋅ 2 Baths ⋅ Pana-Coo-Chee Retreats SubDv. ⋅ 33538 Zip Code
Move-in ready with room to make it your own! Situated on a desirable corner lot, this 3-bedroom, 2-bath home features fresh interior paint, new flooring throughout, newer kitchen cabinets, and newer appliances. The functional floor plan includes a versatile bonus room—perfect for a home office, playroom, hobby space, or additional living area to fit your needs. While many of the major updates have already been completed, there is still an opportunity for a little TLC and personal finishing touches, making this a great option for buyers looking to build additional equity over time.The spacious kitchen offers ample cabinet and counter space, while the generous yard provides plenty of room for outdoor entertaining, gardening, or storing your recreational toys. Conveniently located just minutes from public boat ramps on beautiful Lake Panasoffkee, parks, shopping, dining, and I-75, offering easy access to The Villages, Ocala, and Orlando.Whether you're looking for a primary residence, seasonal retreat, or investment opportunity, this move-in-ready home offers the perfect combination of comfort, potential, and value. Schedule your private showing today!

1880 Cr 422, Lake Panasoffkee
$365,000
3 Beds ⋅ 2 Baths ⋅ Idlewild Park SubDv. ⋅ 33538 Zip Code
Lakefront, LAKEFRONT, 75 feet of lake frontage, your view is 1.02 miles across open water to undeveloped, protected land of Lake Panasoffkee Wildlife Management area. Stand on the dock and count the bluegill in the clear water. You are located on the north side of the lake, toward the center is lots of eel grass, fish the edges for big bass, across the lake is shell island – known for beds loaded with panfish. The lake is approximately 5 miles long running north to south and a mile east to west. When the water is up you can explore Little Jones Creek and find the springs. Head down Outlook River and go to the Withlacoochee River. It is a 141 mile river system that goes all the way to the Gulf of America. Parts of the River are OLD undeveloped Florida. Head south on the river and you will need extra gas to explore all the water. If the Wysong Lock is down you can make it all the way to Rainbow Springs. Lake Panasoffkee is a paradise for people that love the water, fishing, exploring and wildlife. Don’t forget the Wildlife Management Areas: 2 across the lake, Jumper Creek on the south side of town and 4 in neighboring Citrus County. This is paradise for outdoor lovers. The house is like a concrete bunker. It was built in the days when homes where built to last. Everything is stone solid. Bathrooms are original and in great shape. Kitchen appliances are original and do their job. Not like the modern stuff, spends thousands on a new frig and your replacing in a couple of years. Underneath the carpet are Terrazzo floors. Walls are plaster. Roof is metal and replaced in 2025, A/C replaced in May of 2025, paint was new in 2023, water tank was replaced in 23 – insurance companies will be ecstatic. The home is neat and clean, will cared for and ready for your decorating or up dating. If you are looking for a weekend paradise or winter paradise, hurry, hurry, hurry. This has a lot to offer for the price. This area is a hidden gem, other lakes are priced out of the common man’s budget. Hurry before this area gets discovered. Oops, I almost forgot about the location. Hwy 75 makes travel easy, 47 minutes to downtown Ocala or just over an hour to downtown Tampa, Orlando is 62 minutes away. You get to live in nature and be close to the city life. For local entertainment, shopping and dining it’s 20 to 25 minutes to Brownwood, Eastport or Middleton in the Villages. When the day is done, pour a glass of wine, walk down to your dock, and watch the evening sky come alive as birds glide across the lake heading to roost. It's the perfect way to unwind and enjoy peaceful lake life.

4136 Cr 400, Lake Panasoffkee
$234,900
3 Beds ⋅ 3 Baths ⋅ Tracys Point 2nd Add SubDv. ⋅ 33538 Zip Code
Canal Front Opportunity in Tracy's Point with Direct Access to Lake Panasoffkee! Welcome to 2345 CR 453, Lake Panasoffkee ,a one-of-a-kind canal front property on Keepers Canal with direct access to Lake Panasoffkee, perfectly situated for bass boats and pontoons. Set on a double lot totaling 0.41 acres in the Tracy's Point community, this solid block construction home built in 1963 offers incredible potential for the right buyer and it comes furnished. The main home features 1,476 sq ft of living space with an expanded primary bedroom, a second bedroom divided by a partitioned wall, 2 bathrooms, original wood beam ceilings, tile and carpet flooring, and a screened-in porch that is perfect for enjoying the waterfront setting. A carport and utility/storage areas round out the property. A separate 1 bedroom, 1 bathroom mother-in-law suite with a full bath and air conditioning is ideal for guests, extended family, or potential rental income. The suite also includes additional attached storage rooms, providing excellent space for tools, gear, or lake equipment. Three water heaters service the property, plumbing has been recently re-piped, and the AC has been recently updated in the main home. Membrane roofing in place. Located in the flood zone but has never flooded. Tracy's Point offers a private neighborhood boat launch and a remarkably low HOA of just $40/year. Sold as-is. Don't miss this rare chance to own a double waterfront lot on the canal with Lake Panasoffkee access at an exceptional value.

2345 Cr 453, Lake Panasoffkee
$125,000
3 Beds ⋅ 1 Baths ⋅ N/A SubDv. ⋅ 33538 Zip Code
Recently revamped, this 3-bedroom, 1-bath mobile home sits on approximately half an acre in Lake Panasoffkee, offering affordable ownership and room to enjoy the outdoors. Interior features include laminate flooring, wood cabinets, and mini-split A/C, while the exterior offers a covered front porch, carport, and storage. Outside, you'll find plenty of space for pets, parking, outdoor hobbies, or simply enjoying the laid-back lifestyle that makes Lake Panasoffkee so popular. With no HOA, you'll appreciate the freedom and flexibility this property provides. Enjoy easy access to fishing, boating, and outdoor recreation opportunities. Nearby attractions include Lake Panasoffkee Fisherman's Lodge, Marsh Bend Outlet Park, local parks, and favorite dining spots such as Catfish Johnny's and Big Bass Grill. Whether you're looking for a primary residence, seasonal retreat, or investment opportunity, this property offers affordable ownership with room to make it your own. Cash only. Property is being sold As-Is.

1389 Nw 7th Lane, Lake Panasoffkee
$179,000
2 Beds ⋅ 2 Baths ⋅ Tracys Point 3rd Add SubDv. ⋅ 33538 Zip Code
Welcome home to this cozy 2 bedroom 2 bath concrete block home situated on a spacious 1/4 acre corner lot in desirable Tracy's Point, an exclusive Lake Panasoffkee community. Upgrades include a newer roof, new windows, and hardwood flooring. Other features include a spacious 18X11 Florida Room, a 16X10 storage shed, and chain link fenced backyard. Residents of Tracy's Point enjoy deeded access to Lake Panasoffkee, renowned for its world class fishing, boating and outdoor recreation. This golf cart friendly community offers a relaxed atmosphere while remaining conveniently located to Interstate 75 and the Florida Turnpike for those needing to commute. Not to mention conveniently located to The Villages where you can find shopping, dining, and nightly entertainment. Whether you're looking for a full-time residence, seasonal getaway, or investment opportunity, this property presents all excellent opportunity to own a home in one of the area's most sought-after waterfront communities.

1244 County Road 437, Lake Panasoffkee
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